Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The index had risen over 585 points in the previous three sessions.
Markets in green tracking firm global cues.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015